Politics is hampering national wealth management

There are often important links between the institutions that fall within the category of national wealth manager, especially in developing nations, and not least in Asia where sovereign wealth funds (SWFs) with pensiontype responsibilities have been created out of foreign-exchange reserves. Central banks, sovereign wealth funds and state pension funds may have differing mandates, and hence different characteristics, in each country but the key macro forces they confront are similar the world ov

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